Strive 1000 Growth ETF Targets $54, Analysts See 11.03% Upside

The Strive 1000 Growth ETF (STXG) has an implied analyst target price of $53.57 per unit, with a recent price of $48.25. This implies 11.03% upside to analysts' targets. Notable upside to analyst target prices for underlying holdings are Figma Inc (FIG), Agree Realty Corp. (ADC), and East West Bancorp, Inc (EWBC). Analysts see 19.25%, 12.66%, and 11.74% upside for these stocks, respectively.

Figma Inc.'s (FIG) initial public offering (IPO) on July 2025 marked a significant milestone for the design software maker, with its stock price soaring more than doubling from its IPO price of $33 to $85 before experiencing a downturn following its first Wall Street ratings. Analysts have expressed a mix of neutral and overweight ratings, highlighting the company's high valuation and potential for AI-driven growth [1].

Morgan Stanley, one of the lead underwriters for Figma's IPO, initiated coverage with an 'equal-weight' rating and a price target of $80. The analysts noted that while Figma's market-leading platform is impressive, its valuation at a market-leading multiple is pricing a long runway for growth, limiting the near-term risk/reward [1]. RBC Capital Markets and Piper Sandler also initiated coverage with 'Sector Perform' and 'Overweight' ratings, respectively, with price targets of $75 and $110, reflecting differing views on the company's growth prospects [1, 2].

The company's market value of $37.68 billion now far exceeds the $20 billion price tag from a now-abandoned buyout deal with Adobe. Figma's strong AI integration, such as Figma Make and FigJam AI, has been noted as a potential tailwind for the company, but analysts caution that aggressive investments in AI could pressure gross margins in the near term [1].

Figma's strong user base, with over 13 million monthly active users and 450,000 paid customers, including 95% of Fortune 500 companies, is a testament to its product offerings and clientele. However, Bank of America and J.P. Morgan initiated coverage with Neutral ratings and lower price targets of $85 and $65, respectively, citing concerns over valuation. Goldman Sachs also initiated coverage with a Neutral rating but assigned the most bearish price target at $48, citing limited visibility into Figma's near-term growth drivers and a relatively full valuation [1].

Despite the mixed analyst ratings, Figma's strong AI integration and market-leading platform position it as a leader in the design-software space. The company is expected to continue growing in the future, with analysts closely watching its second quarter financial results scheduled for September 3, 2025. Investors will be closely monitoring Figma's business outlook for the third quarter and the full-year period.

References:
[1] https://www.reuters.com/technology/figma-draws-neutral-ratings-wall-street-flags-lofty-valuation-rising-competition-2025-08-25/
[2] https://finance.yahoo.com/news/figma-draws-neutral-ratings-wall-111421380.html